From Chuck Hughes
The first profit opportunity we will review this week is a stock purchase in ARLP, or Alliance Resources. ARLP is a diversified producer and marketer of coal to major U.S. utilities and industrial users.
The monthly chart shows that ARLP has been in a bull trend since the 2020 low. This month’s bullish trading points to a further advance.
The daily chart shows that ARLP has had a bullish pattern of higher highs and higher lows since December. The bullish pattern points to a further advance.
We recommend buying ARLP stock at current price levels. The ARLP dividend yield is 6.98%.